Wealth
/ˈwɛlθ/
Definitions
- (n.) An abundance of valuable possessions or money.
He inherited a great deal of wealth from his family.
- (n.) The total property, resources, and assets owned by an individual or entity.
The company's wealth increased significantly after the merger.
Related terms
See also
Commentary
In legal contexts, 'wealth' often relates to net worth and may impact estate planning, taxation, and fiduciary duties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.